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It provides a model statute for American Indian tribes to adopt to ensure the availability of secured credit to their members. The act was originally completed in 2005 and revised in 2017 to incorporate subsequent amendments to UCC Article 9
The amendments span almost every article of the UCC and add a new Article 12 addressing certain types of digital assets defined as “Controllable Electronic Records” (CERs)
The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 2 governs the sale of goods. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org
The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 2A, added to the Code in 1987, governs leases of personal property. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org
The Uniform Commercial Code (UCC) is organized into nine substantive articles, each article governing a separate area of the law. UCC Article 3 governs negotiable instruments, including checks and notes. For further information about the UCC please contact the ULC at (312) 450-6600 or info@uniformlaws.org
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Uniform Law Commission The Uniform Law Commission (ULC, also known as the National Conference of Commissioners on Uniform State Laws), established in 1892, provides states with non-partisan, well-conceived and well-drafted legislation that brings clarity and stability to critical areas of state statutory law.